US Jobless Claims Rose to Highest in Two Months Last Week.

The article from Bloomberg.com reports that US jobless claims rose to a two-month high last week, with initial claims increasing by 17,000 to 242,000. The four-week moving average also rose, indicating increased volatility in the job market. Continuing claims, a measure of people receiving benefits, also increased to 1.89 million. The data suggests a widespread increase in new jobless claims across the country, with only four states seeing small declines. [Extracted from the article]